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LENDERmonitor

LENDERmonitor offer

H. W. Wood Limited are delighted to be the only Professional Indemnity Insurance Broker (or Insurer) at this time to offer all firms who do conveyancing work a free 12 month subscription to LENDERmonitor's notification service.
LENDERmonitor is a service that Conveyancing solicitors can use when working on a property purchase. When a property is being bought using a mortgage it is the solicitor’s responsibility to check through the lender’s requirements and ensure that the purchase/property complies with them. The Lender’s requirements must be complied with at completion, however, the mortgage is usually agreed many months before when the checks commence. On many occasions the lender will, during this time period, have changed their terms and conditions across the mortgages they offer. As the terms need to be complied with on completion this forces solicitors to recheck the mortgage – which obviously poses risks that, even checking again some solicitors may not notice changes.
LENDERmonitor has two functions:
·         Regular notification emails which advise solicitors of major changes to lenders’ wordings
·         A search function where you can enter in two dates and the name of a lender and all the changes during that time period (so a solicitor can check what has changed between mortgage offer and completion).
 To date, it has been running for nearly 3 years and has been charging £20-£150 per month (depending on size of firm) for the notification service. By clicking the below link you can access this completely free of charge:
There is absolutely no catch in signing up, you can cancel at any time. You will not be charged at all for this service.
Disclaimer: H W Wood Limited cannot take any responsibility for any of the content given by LENDERmonitor. H W Wood Limited makes no financial gain from it’s agreement with Conveycentric who provide the LENDERmonitor service.